Environmental Management

Question 1

Explain Paris Agreement

Answer 1

An internaional treaty Aus signed, which includes the goal of limiting global warming to 1.5C. To achieve this as of 2022, Aus agreed to reduce emission compared to 2005 by 43% in 2030 and net zero in 2050

Question 2

How can environmental policy goals be achieved

Answer 2

Targets, regulation, market policy and international agreements

Question 3

Whats an example of an environmental target Aus set

Answer 3

Increase the share of low-carbon power generation by 2030 increasing renewable resource use from 27% to 82%

Question 4

what a past example of an environmental target aus set

Answer 4

Renewable Energy Target(RET) requireed 20% of Aus energy to come from renweable energy sources. Was achieved in 2019 with 23.5%

Question 5

Define regulation for environmental policy

Answer 5

They are a traditional policy tool for achieving environmental sustainablity goals. They are laws or rules that govern eocnomic behaviour

Question 6

What an example of environmental policy regulation

Answer 6

The environmental Protection and Biodiversity Conservation Act 1999- provides a framework for the protection and management of matters of national environmental significance

Question 7

What are market based policies

Answer 7

market based policies are involved in the creation of market based incentives for environmental protection, including financial incentives and deincentives to influence individual and firms behaviour

Question 8

whats the response to market failure by environmental market-based policies

Answer 8

by taxing externalities which arent inherintly included in the price of goods, they account for the price of these externalities

Question 9

Whats an example of market based policies by Aus govt

Answer 9

LOOK AT PAGE 167 THERES A BUNCH

Question 10

Define Market Failure

Answer 10

the economic situation defined by an inefficient distribution of goods and services in the free market.